De-Risking and Other Challenges in the Emerging Market Financial Sector : Findings from IFC’s Survey on Correspondent Banking
This paper examines the relationship between increasing compliance costs and correspondent bank de-risking, among other challenges, and the ability of private-sector banks in emerging markets to continue providing international banking services to...
| Main Authors: | , , , , |
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| Format: | Survey |
| Language: | English |
| Published: |
International Finance Corporation, Washington, D.C.
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/895821510730571841/De-risking-and-other-challenges-in-the-emerging-market-financial-sector-findings-from-IFC-s-survey-on-correspondent-banking http://hdl.handle.net/10986/28968 |
| Summary: | This paper examines the relationship
between increasing compliance costs and correspondent bank
de-risking, among other challenges, and the ability of
private-sector banks in emerging markets to continue
providing international banking services to their customers.
The IFC Financial Institutions Group, which provides
investment and advisory services to banks, microfinance
institutions, mortgage and insurance companies, and other
financial services providers in emerging markets, has built
a global network of hundreds of clients in more than one
hundred countries who rely on cross-border banking to serve
the needs of their customers and, through their customers,
their countries. This paper seeks to enlighten the public
discourse on de-risking by sharing insights gleaned from the
perspectives of IFC’s network of global emerging market
financial institution clients. In this discussion, the
authors present the results of the 2017 Correspondent
Banking in Emerging Markets survey, undertaken by IFC to
capture both data and information from IFC client banks in
ninety two emerging markets. |
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